Summer Suites, Menara Solaris

Summer Suites (also known as Mercu Summer Suites) is a leasehold SOHO building located in Menara Solaris, KLCC. There are 403 units available at this project with built-up from 493 sf. It was developed by UEM Sunrise Bhd (fka Sunrise) with a launch price at around RM700 psf, and was completed in about 2015.

UEM Sunrise Bhd (fka Sunrise) is a very large-sized real estate company listed on KLSE, and it has constructed around 59 real estate projects in Malaysia. Other similar projects by the same developer are Menara Solaris and Summer VOS.

Property Type
SOHO
Land Tenure
Leasehold
Built-up
493 sf
Market Price
RM500,000
Density
403 Units
Completed In
2015
Launch Price
About RM700 psf

This SOHO building has many amenities nearby, for example universities, metro transport stations, hospitals and schools. The following are some main universities here:

As for metro transport stations, there are LRT Dang Wangi, LRT Kampung Baru, Monorail Bukit Nanas and Monorail Medan Tuanku. There are also some hospitals here, i.e. Al Islam Specialist Hospital, Specialist Hospital Al Islam and Twin Towers Medical Center.

Lastly, the schools here are French Culinary School In Asia, SMK Convent Bukit Nanas and SMK Puteri Wilayah.

The current market prices for Summer Suites are from RM500,000 (about RM1,010 psf); while the monthly rentals are from RM2,100 to RM2,400 (about RM4.40 psf). The highest median price psf ever recorded was RM1,076 psf in Q2 2015; while the lowest one was RM700 psf in Q1 2013.

The current rental yield of Summer Suites is around 4.55%, compared to 4.88% a year ago in Q1 2018. The highest rental yield ever recorded was 5.47% in Q3 2016; while the lowest one was 4.04% in Q3 2017. Meanwhile, the most common unit layouts and sizes available here are as follows:

Latest Summer Suites for sale listings:

DateTypeBuilt-upPrice
17-Feb-19Studio495 sfRM538,000
16-Feb-19Studio470 sfRM519,000
16-Feb-19Condominium713 sfRM760,000
16-Feb-19Condominium-NA-RM650,000
16-Feb-19Condominium650 sfRM650,000
16-Feb-19Condominium868 sfRM820,000
16-Feb-19Condominium713 sfRM795,000
16-Feb-19Office866 sfRM656,100
14-Feb-19Condominium866 sfRM850,000
09-Feb-19Condominium713 sfRM770,000

Latest Summer Suites for rent listings:

DateTypeBuilt-upRental
17-Feb-19Condominium500 sfRM2,250
17-Feb-19Condominium650 sfRM2,500
14-Feb-19Office400 sfRM1,600
12-Feb-19Studio456 sfRM2,300
12-Feb-19Studio500 sfRM2,000
12-Feb-19Condominium866 sfRM3,700
12-Feb-19Condominium576 sfRM2,400
12-Feb-19Condominium636 sfRM2,500
12-Feb-19Condominium638 sfRM2,600
12-Feb-19Condominium-NA-RM2,700